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$5,588,000

  • For Sale
  • Active
  • Multi-Family
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PRICE REDUCTION! 5.5% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies. The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be "turnkey" for a buyer. The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.

Full Property Details for 54 Maluniu Ave

General

  • Price: $5,588,000
  • Taxes: $27,840
  • Status: Active
  • Type: Multi-Family
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202510044
  • Updated: 1/21/2026
  • Added to Site: 344 day(s) ago

Rental Information

  • Complex Features: None, Storage Facilities

Interior

  • Appliances: Dryer, Washer

Rooms

Other Rooms

  • Laundry: In Unit

Parking

  • Total Spaces: 7
  • Parking Features: Assigned, Covered

Location

  • Area: Kailua
  • County: Oahu
  • Subdivision: KALAMA/CNUT GROV

School Information

  • Elementary School: Kailua
  • Middle School: Kailua
  • High School: Kailua

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Utilities

  • Sewer: Connected
  • Utility Description: Above Ground Utilities, Electricity Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected

Structural Information

  • Structure Type: Apartment, Other
  • Detached/Attached: Detached
  • Construction: Masonry, Stucco
  • Square Feet: 6,507
  • Year Built: 1965
  • Property Condition: Excellent

Lot Features

  • Property View: Mountain(s), None
  • Mountain views: Yes
  • Lot Size: 5610
  • Topography: Level
  • Lot Features: Cleared, Other, Level
  • Zoning: 32 - B-2 Community Business Dis

Financial Considerations

  • Operating Expenses: $74,264
  • Assessment Amount: $2,245,600
  • Tax Amount: $27,840
  • Tenant Pays: Electricity, Other

Disclosures and Reports

  • Special Conditions: None
  • Disclosures/Reports: None
  • Disclosures/Rstr.: None
  • Property ID: 1-4-3-031-027-0000

Listed by Standard Management LLC

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Listing agent

— 54 Maluniu Ave —

  • Standard Management LLC

(808) 208-8107

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 54 Maluniu Ave

School District:Hawaii Department of Education
NameGradesDistance
Kailua Elementary School
315 Kuulei Road, Kailua, HI 96734
PK-60.2 mi
Kailua Intermediate School
145 South Kainalu Drive, Kailua, HI 96734
7-80.3 mi
Kalaheo High School
730 Iliaina Street, Kailua, HI 96734
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 54 Maluniu Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/21/2026
Price Reduced
$5,588,000
-0.21%
MLS
8/20/2025
Price Reduced
$5,600,000
-4.92%
MLS
4/15/2025
Listed
$5,890,000
77.68%
MLS
11/21/2022
Sold
$3,315,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 54 Maluniu Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
-100%
-100%
2023
$24,147
1%
$2,245,600
15%
2022
$23,833
—
$1,947,300
1%
2022
$23,833
-2%
$1,922,000
-2%
2021
$24,204
—
$1,951,900
-1%
2021
$24,204
16%
$1,978,400
18%
2018
$20,808
12%
$1,678,100
12%
2017
$18,609
14%
$1,500,700
14%
2016
$16,356
13%
$1,319,000
13%
2015
$14,416
-41%
$1,162,600
-41%
2019
$24,334
72%
$1,962,400
69%
2013
$14,124
—
$1,159,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Standard Management LLC

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54 Maluniu Avenue, Kailua, HI 96734 (MLS# 202510044) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 54 Maluniu Avenue is currently listed for $5,588,000 and was received on April 15, 2025. Want to learn more about 54 Maluniu Avenue? Do you have questions about finding other Multi-Family real estate for sale in Kailua? You can browse all Kailua real estate or contact a Coldwell Banker agent to request more information.

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